Showing posts from January, 2010

February Main Event - Frank Sinatra Celebrity Invitational Golf Tournament

[caption id="attachment_293" align="alignright" width="203" caption="Sinatra Golf Tournament"][/caption]The 18-20th of February is the 21st annual Frank Sinatra Golf Tournament. This year it is being held at the Fantasy Springs Resort and Casino in Indio. Their Eagle Falls course is the site of the GOlf tournament while the hotel and its fine dining establishments as well as the conference center is the site of the parties, auctions, banquets and fashion show. The tournament supports the Barbara Sinatra Childrens Center at Eisenhower hospital.

Just another reason to come to the magnificent Coachella Valley!

Palm Springs Isn't The Only Desert Community in SOCAL

[caption id="attachment_340" align="alignleft" width="150" caption="Desert Palms"][/caption]The Latest issue of Los Angeles magazinehas the coolest article about the many colorful cities that make up the Deserts of Southern California. Easily the best issue of the magazine, in my humble opinion, that they have ever done.[caption id="attachment_339" align="alignright" width="150" caption="Joshua Tree Vista"][/caption]

Covering everything from Joshua Tree, Palm Springs, Borrego Springs all the way to Death valley and leser known spots such as Amargosa Opera House and Tecopa Hot Springs. There is a great two page map with the highlights and many recommendations of places to stay and to eat.

Check it out on news stands now and if you miss it let me know and we'll make a copy of my issue if we have to!

This Weekend It Is The Southwest Arts Festival

The Empire Polo Grounds in Indio this weekend will host the 24th annual Southwest Arts Festival where over 270 artists will be showing and selling their work. The hours are from 10am to 5pm all three days and a three day pass is just $20. Daily admission is available as well.

The Empire Polo Grounds are south of Hwy 111 on Monroe at 51st street. Enjoy the great weather this weekend with a stoll through the Polo Grounds and the Festival.

Real Estate Is Local

[caption id="attachment_315" align="alignright" width="112" caption="Palm Trees and Sunshine in The Coachella Valley"][/caption]"WASHINGTON (MarketWatch) -- Capping the worst year for housing since World War II, sales of new U.S. homes fell sharply in December for the second month in a row after a popular tax credit for buyers was set to expire, the Commerce Department estimated Wednesday."

This headline appeared on news service wires across the country in the last few days. Network newscasts lead with the statistic of 9.3% drop in sales for the month of December. Radio stations declared the housing market to still be shaky. Well the reality is that Real Estate market is still very much local.

The Palm Springs / Coachella Valley experienced a sales increase and a median sales price increase in December 2009. National, regional or statewide statistics are useful to focus on general trends in the economy but the only way to truly understa…

Credit Card Changes Next Month

[caption id="attachment_308" align="alignright" width="100" caption="Managing Your Credit"][/caption]By now you may have heard about the changes in the credit card laws coming next month. Most stories that I have heard revolve around the great benefits and new protections for consumers that are built in. It turns out that is not the whole story.

The article linked below uncovers what the banks will be doing to verify your income. The credit reporting agencies will now be using records they obtain from many industries to "estimate your earnings" they will adjust your credit line based on what they estimate your salary is regardless of what you say it is.

The article further predicts that small business owners, who have been relying on the cards to cover gaps in income, will be the most affected by these changes. Read more about this at: Credit Card Changes Coming

Clearly a smart strategy would be to plan on a new year of not relying o…

Rain, Rain Go Away!

An unprecedented series of storms off the coast of California has brought the Coachella Valley 4 straight days of rains. We have had some street flooding and by now everyone knows whether or not their roof leaks!

Last time it rained for many days in row - about three years ago we wound up with the prettiest green covering on the otherwise brown hillsides around Palm Springs. I am watching to see if that happens this time. It felt a little like Ireland the last time.

So until the sun comes back here is our chance to have a fire in the fireplace or clean out the closets looking for sweaters! (Did I mention it is a little cool too!)

Supply oF Existing Inventory

The Stats Keep Coming in From year end 2009 reporting Below you will see a chart detailing the steady decline in available inventory in the Coachella Valley.

_______2_______       3_____          4_______
Dec-09    6.1              6178            1011
Nov-09    7                6621               950
Oct-09     6.7             6569               980
Sep-09     7.3            6478                888
Aug-09    7.1             6586                 923
Jul-09      7.7             6928                898
Jun-09      7.9            7255                 924
May-09     8.1            7678                 945
Apr-09      7.6           8210                 1083
Mar-09       7.5          8729                1166
Feb-09       11.6         9080                  785
Jan-09        11.4         9028                 794

Column 2 is the number of months it would take to sell existing
inventory if no more came on the market.
Column 3 is the # of Properties For Sale on the Last Day of Month Column 4 represent the # of …

The Living Desert Palm Desert California


One of the great resources here in the Coachella Valley is the Living Desert in Palm Desert. Started in 1970 this interesting park is part zoo, part nature conservancy and part Desert Oasis.

Ongoing attractions include an amazing model train display located totally outdoors (you can’t do that in Des Moines or Seattle!) a Carousel, featuring endangered species, an animal hospital and regular giraffe feedings that the public can participate. Seasonally the Living Desert host dozens of other events from lecture series to parties and a holiday light show. They even sponsor trips to other natural wonders such as Whale watching in Baja and nature outings to Catalina Island.

The Living Desert has over 450 desert animals and hosts over 350,000 visitors every year the array of flora and fauna represents over 10 different ecosystems.

Opportunities to support the Living Desert abound with membership, adopt and animal programs…

Claiming Your First Time Home Buyer Tax Credit

If you are ready to claim your first time home buyer tax credit you will need to us the recently released Form 5405 from the IRS. Using this form first-Time Home buyer Credit and Repayment of the Credit, and the related instructions, eligible home buyers can now start to file their 2009 tax returns. Because of the late addition of this credit taxpayers claiming the home buyer credit must file a paper tax return due to the added documentation requirements.

The IRS expects to start processing 2009 tax returns claiming the home buyer credit in mid-February after it completes the updating and testing of systems to meet the law’s new requirements.

If you are one of the early taxpayers claiming the home buyer credit you may see tax refunds take an additional two to three weeks.

In addition to filling out a Form 5405, all eligible home buyers
must includewith their 2009 tax returns one of the following documents in order to receive the credit:

* A copy of the settlement statement showing al…

New Listing Alert! Palm Desert CA

What everyone wants - a home that requires no work! Perfect Pool home on the Golf course at Palm Desert Country Club. Three Bed two Bath. Highly upgraded home. New Kitchen and Heating and air and so much more. See the property website at 76764 Kentucky Ave[caption id="attachment_247" align="alignright" width="300" caption="Palm Desert Pool Home"][/caption]

Palm Springs To Host Two Modernism Events

Palm Springs is well known as a treasure trove of "Mid Century" architecture. Some of the most stunning examples are sprinkled throughout the valley with the biggest concentration being right here in Palm Springs proper. There is even a famous coffee table book called Palm Springs Weekend that celebrates these architectural treasures in our Desert.

Two Upcoming events will celebrate this important part of the History of Palm Springs. With everything from an exhibition/sale at the convention center to movies about the architects and their creations to home tours. Certainly not to be missed for those interested in this unique bit of architectural history.

The first event is the Donald Wexler Weekend. This will take place January 22-24th and celebrate the work of this singular architect. His local contributions include The Palm Springs Airport and Larson Justice center in Indio. This event will be part of the famed architects 84th birthday celebration.

Films, home tours, lectures …

Bob Hope Classic Golf Tournament

The La Quinta area will play host to the 50th anniversary Bob Hope Classic Golf Tournament from January 18-24th. This valley tradition is a huge part of the "season" here in Palm Springs each year.

The tournament will draw celebrities and spectators from around the world to the sunny and beautiful Coachella valley. Many people don't know that the tournament raises hundreds of thousands of dollars each year for local charities. Most of this through the Charity Ball. The celebrity entertainer this year is Queen Latifah. This year more than ever that help will be crucial to the charities.

There are still tickets available for most events and even volunteer oppportunities if you are feeling extra energetic. Click the link above to go to the main website for this stellar event.

Palm Springs Sales Statistics for Dec 2009

The numbers for December are in and we ended up the year on a very positive note. Another dip in overall inventory for sale and sales holding steady despite the holiday season.
In December of 2009 we had 70 homes & 60 condos sell with another 53 condos going into escrow and 63 homes! There were 373 homes and 433 Condos on the Market for sale to date in representing another decline in available inventory for homes and Condos.

In December 2009 there were 4 homes sold over 1 million dollars in Palm Springs. The most expensive was a $2,183,000 home in Smoke Tree Ranch, in South Palm Springs.

Palm Springs real estate represents some of the best over all retirement/vacation home prices in the otherwise pricey California real estate market. The value for the money remains very high when compared to other areas of the state. The proximity to the 22 million southern Californians makes it a perpetually popular weekend getaway. The warmth of our winters makes it the perfect place to escape…

Palm Springs Exotic Car Auction

A great time will be had by all car enthusiasts February 26th, 27th & 28th 2010 when the next installment of the twice yearly Exotic Car Auction takes place at the Spa Resort Casino in Downtown Palm Springs.

Last November over 450 cars were Auctioned. Everything from American Muscle cars to European Antique Roadsters. So come enjoy a great days outdoors in the heart of Palm Springs and take advantage of this unique event.

Palm Desert CA Sales Stats

Palm Desert CA Real Estate represents some of the best over all values in the otherwise pricey California real estate market. The value for the money remains very high when compared to other areas of the state. The proximity to the 22 million southern Californians makes it a perpetually popular weekend getaway. The warmth of our winters makes it the perfect place to escape the cold and snowy weather in the North. Palm Desert offers an enviable resort lifestyle that includes over 320 days of Sunshine per year. Theatre, art and culture abound with hundreds of live performances at dozens of theatres including the McCallum, by world renowned artists every year. Fine dining and world class shopping from the heavy weights of the luxury goods world – Tiffany, Saks 5th Avenue, Gucci and more grace El Paseo in Palm Desert. Loads of interesting and unique shops complement these world famous names. The Living Desert is a community resource and unique treat for Desert Visitors. A cross between…

Photos Of Palm Springs California

[caption id="attachment_171" align="alignright" width="300" caption="Golf, Sun and Mountian views"][/caption]

Beautiful Palm Springs California - is a sunny Desert Playground located just 110 miles from the hustle and bustle of Los Angeles California. Use this link to see more photos of this Desert Resort and learn more about the great lifestyle available at some of the best prices in California.

With 320 plus days a year of sunshine, fabulous fifties architecture, Hollywood history and legends, breathtaking natural beauty, a convenient easy to use airport and beautiful getaway resorts Palm Springs is the place to be. See more at

Short Leases

Short Leases:

A leasehold parcel of land means that you do not own the land you are only leasing it from the actual owner. Even if there is a structure on it, that you hold title to, the lease payment only entitles you to the use of the land – subject to the terms of the lease - and not actual ownership. (When you own the land this is called “Fee Simple ownership”)

Search for homes in Palm Springs, CA

In Palm Springs, Cathedral City and parts of Rancho Mirage California up to 50% of land is lease land. This is important when looking at property because land value can’t be factored into the value of the property. Typically this means that the price of a home located on lease land will look more attractive than the same home built on fee land, where you do have to factor in the value of the land.

All leases are different and terms and conditions must be checked carefully during the buying process. One major provision in many leases is that “leasehold improvements” are sometimes made …

Palm Springs Internatonal Film Festival

It was a wonderful Desert night Last night - January 5, 2010 for one of the top events of the Season in Palm Springs. The star studded opening night Gala of the 21st annual Film Festival was held in downtown Palm Springs. See a slide show of the celebrity arrival photos for the 21st annual Palm Springs International Film Festival. The Festival runs through January 18, 2010 and will feature hundreds of films in multiple theaters around town. A large international crowd is expected to visit Palm Springs during the run of the Festival.

Celebrity appearances by Anna Kendrick, Jeremy Renner, Marion Cotillard, Mariah Carey, Jeff Bridges, Quentin Tarantino, Clint Eastwood, Morgan Freeman and Helen Mirren just to name a few. The Gala was also hosted by Mary Hart Of Entertainment tonight, herself a part time Desert resident.

This Month In Real Estate USA

A quick recap from Keller Williams Realty on the National Real Estate market and trends. Real estate is always local but understanding the bigger national trends will help you fill in the gaps at the local level. Palm Springs area real estate report coming soon to this blog.

Great Price Reduction On Canyon Estates Remodel

[caption id="attachment_156" align="aligncenter" width="150" caption="Canyon Estates Beauty"][/caption]

Canyon Estates Beauty

Market Stats


For Sale

Main Features

2 Bedrooms
2 Bathrooms
Interior: 1967 sqft
Lot: 3,049 sqft


2456 S Madrona Dr
Palm Springs, CA 92264

Michael Layton

Keller Williams Realty
(760) 272-5500

Listed by: Keller Williams

Our recent listings

Canyon Estates Beauty
Riviera Gardens Villa Unit
Great Value Starts HEre
Central Palm Springs Condo
Opportunity In S. Palm Springs

Subscribe to our listing feed

See more Palm Springs, CA real estate for sale

Salton Sea - Near Palm Springs CA

Huge inland body of water largest in California. Interesting history. Located about an hour East of Palm Springs CA.

Going Green Around Your Home

[caption id="attachment_145" align="alignright" width="150" caption="Greening Up Your Home"][/caption]Going green is not hard and doesn't have to cost you lots of money. Check out this link to a Going Green guide to see quick and easy things you can do around your home.

You can also check out this nice site by National Geographic for more tips and buying guides.

If you are thinking of buying or selling a home going green can save you money. Buyers are looking for these improvements to homes and as a seller you can attract a potential buyer by greening up your home. As a buyer the more efficient the home you buy the long term savings just continue to multiple.

For information on homes in the Palm Springs California area that are energy efficient and environmentally friendly be sure to see my Real Estate Website at